Wednesday, September 23, 2020

Wells Fargo accused of discriminatory practices against Latinos and African Americans

According to a federal lawsuit that cites former employees, Wells Fargo discriminated against black and Latino homebuyers in Sacramento, California, by pushing them into more expensive mortgages than white borrowers. “Wells Fargo’s discriminatory lending practices place vulnerable, underserved borrowers in loans they cannot afford,” said the lawsuit, which was filed Friday. The city of Sacramento […]